A startup finds its footing during the pandemic
By Scott Kirsner Globe Correspondent,Updated May 2, 2021, 1 hour ago
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While quarantining in Chester, Vt., over the winter, Cohere Health cofounder Duncan Reece brought a set of new MacBooks with him to configure and send to new hires.Cohere Health
On the last day of March, Duncan Reece put on an N95 face mask and headed to downtown Boston to meet five colleagues. Their objective was to check out four offices to see if one might be right for their fast-growing startup, Cohere Health.
When the pandemic arrived a year before, Cohere had 16 employees and operated out of a shared office space in Downtown Crossing. By this March, Cohere, which focuses on smoothing out the process of getting âprior authorizationsâ for doctorâs appointments and medical procedures, had grown to 160 people â all of them working remotely. The topic of needing some sort of office space by July or August had come up, leading
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VCs have invested €17.6 billion ($21.25 billion) into European startups in Q1 2021, new data shows.
High-profile IPOs by Deliveroo and TrustPilot have sent EU exits to a quarterly high of €21 billion.
America s SPAC craze is set to push across into Europe, according to Pitchbook analyst Nalin Patel.
Venture capital investment into European startups in 2021 is set to eclipse the €45.3 billion ($54.7 billion) record set last year, new figures show.
A quarterly high of €17.6 billion ($21.25 billion) was invested into companies across Europe in the opening three months of the year, according to figures from research firm Pitchbook.
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Ira S. Weiss is a clinical professor of accounting and entrepreneurship at the Chicago Booth School of Business and is a partner at Hyde Park Venture Partners.
When COVID-19 hit, there was a lot of concern about the possible impact of scrapping face-to-face business meetings, particularly among investors in startups, such as angel investors and venture capital. In both cases, personal interactions can tell investors a lot about the founders and executives who are asking for their money.
If angel investors and VCs curtailed their investing last year, it wasn t readily apparent. In 2020, VCs themselves poured more than $156 billion into the companies they backed, a 10 percent increase from the year before and the fifth year in a row of record investing, according to the National Venture Capital Association. While angel investment is difficult to measure, the Angel Capital Association s 2020 report put the number as high as $24 billion.
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